Madison Square Garden Sports Corp reports results for the quarter ended in December - Earnings Summary

MSG Knickerbockers

06/02/2024 14:32

* Madison Square Garden Sports Corp  MSGS.N  reported
quarterly
adjusted earnings of 59 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 84 cents.  The mean expectation of
five analysts for the quarter was for earnings of 55 cents per
share. Wall Street expected results to range from 31 cents to 67
cents per share.
    * Revenue fell 7.6% to $326.90 million from a year ago;
analysts
expected $325.72 million. 
    * Madison Square Garden Sports Corp's reported EPS for the
quarter
was 59 cents​.
    * The company reported quarterly net income of $14.22
million.
    * Madison Square Garden Sports Corp shares had fallen
by 0.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Madison
Square
Garden Sports Corp is $235.00 

This summary was machine generated from LSEG data February 6 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.55           0.59           Beat
 Sep. 30 2023      -1.51          -0.79          Beat
 Jun. 30 2023      -0.14          -0.39          Missed
 Mar. 31 2023      1.75           2.18           Beat